Hackers have reportedly stolen nearly $300 million from decentralized finance (DeFi) platform Kelp DAO. That’s according to a report Sunday (April 19) from Bloomberg News, which says the incident has triggered a ripple effect across cryptocurrency platforms. The total losses are estimated at around $293...
Chainalysis’ CEO is warning against critical security weaknesses in the decentralized (DeFi) finance space. In an interview with the Financial Times (FT) published Tuesday (Nov. 4), Jonathan Levin said the rapid growth of these cryptocurrency platforms, operating on blockchains and without intermediaries like banks, had left...
Republican senators on Tuesday (June 24) unveiled a set of principles to serve as a framework for the development of legislation for digital assets. Senate Banking Chairman Tim Scott, R-S.C., Subcommittee on Digital Assets Chair Cynthia Lummis, R-Wyo., Sen. Thom Tillis, R-N.C., and Sen. Bill...
Stablecoins represent an important opportunity for a subset of use cases, including in emerging markets, Visa Chief Product and Strategy Officer Jack Forestell wrote in a Sunday (June 22) blog post. Problems stablecoins may solve include use cases in which users want to hold U.S. dollars but...
May 29, 2025
Paying with crypto is a logistics problem, and that logistics problem creates a user experience bottleneck. Stablecoins want to solve that, but can they? “People hold their assets in crypto, but ‘pay with bitcoin’ is so 2019. Merchants don’t want to accept it, they want to accept stablecoins,” Mesh CEO and Co-founder Bam Azizi told PYMNTS […]
December 23, 2024
For once in its recent history, the cryptocurrency sector is likely ending the year on a high. Bitcoin, despite dropping below the $100,000 mark as of reporting, is up over...
August 12, 2024
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only...
May 26, 2023
While crypto’s future in the U.S. remains as shrouded as ever, it’s a different story elsewhere. “The world is truly fragmented now, you hear a different story [everywhere],” Dr. Yan Zhang, co-founder of Web3-native...
May 06, 2026
Cryptocurrency investors are reportedly exiting the decentralized finance (DeFi) space following two high-profile hacks. Close to $14 billion has been pulled from DeFi projects in recent weeks, the Financial Times (FT) reported Wednesday (May 6), citing the data firm DefiLlama. This came after hackers tied to the North Korean government stole $290 million from the […]
April 19, 2026
Hackers have reportedly stolen nearly $300 million from decentralized finance (DeFi) platform Kelp DAO. That’s according to a report Sunday (April 19) from Bloomberg News, which says the incident has...
November 04, 2025
Chainalysis’ CEO is warning against critical security weaknesses in the decentralized (DeFi) finance space. In an interview with the Financial Times (FT) published Tuesday (Nov. 4), Jonathan Levin said the rapid...
June 24, 2025
Republican senators on Tuesday (June 24) unveiled a set of principles to serve as a framework for the development of legislation for digital assets. Senate Banking Chairman Tim Scott, R-S.C.,...
